Chief executive Bracken Darrell of Logitech says that the ten percent drop in his company's shares, despite better-than-expected quarterly results, may just be investors taking a breather after some substantial runs in the share price this year.

By

Tiernan Ray

Updated July 25, 2017 1:04 p.m. ET

Text Size

Regular

Medium

Large

By

Tiernan Ray

Updated July 25, 2017 1:04 p.m. ET

Shares of connected device and peripherals maker Logitech (LOGI) are down $4.07, or 10%, at $36.68, despite the company reporting late Monday evening fiscal Q1 revenue and profit beat expectations, and despite raising its profit outlook.

I had a chance to speak with CEO Bracken Darrell a short while ago, who was calling me from the lovely Swiss...